1. “Organisation is a Management Process by which people, functions and physical
factors are brought together to form a controllable unit.” This definition is
given by–
(A) Haney
(B) Kelling B. Lewis
(C) Oliver Sheldon
(D) CornellSee Answer:

2. Out of the following forms, which form of organisation is the oldest one ?
(A) Line and staff organisation
(B) Functional organisation
(C) Committee organisation
(D) Line organisationSee Answer:

3. “A body of persons elected or appointed to meet on an organised basis for the
discussion and dealing of matters brought before it.” It is called–
(A) Functional organisation
(B) Formal organisation
(C) Committee organisation
(D) Informal organisationSee Answer:

4. Due to coordination–
(A) There is a unity of order
(B) There is a unity of direction
(C) There is a leadership
(D) Employees are motivatedSee Answer:

5. In ‘Direction’ who is given importance ?
(A) To machines
(B) To paper work
(C) To man
(D) To productionSee Answer:

7. The rate of gross profit is 20% on sales and the cost of goods sold is Rs.
1‚00‚000, the amount of gross profit will be–
(A) Rs. 30‚000 (B) Rs. 25‚000
(C) Rs. 20‚000 (D) Rs. 16‚667See Answer:

8. The policy “anticipate no profit and provide for all possible losses” arises
due to–
(A) Convention of consistency (B) Convention of conservatism
(C) Convention of Disclosure (D) None of the aboveSee Answer:

9. Donations received for the special purpose will be taken to the–
(A) Income and Expenditure Account (B) Assets side of the Balance Sheet
(C) Liabilities side of the Balance Sheet (D) Receipts and Payments AccountSee Answer:

17. Which of the following is affected by treatment of an accrued item in
accounting ?
(A) Profit and Loss A/c only
(B) Profit and Loss Appropriation A/c
(C) Balance Sheet only
(D) Profit and Loss A/c and Balance SheetSee Answer: